Stocks rise on US-China trade talk hopes and strong US labor market data

From Nasdaq: 2025-05-02 13:32:00

Stock indexes are up today, with the S&P 500, Dow Jones Industrials, and Nasdaq 100 all posting gains. The market is responding positively to potential US-China trade talks. Stocks added to gains after US labor market data and factory orders were released.

Tech stocks like Apple and Amazon are facing challenges, limiting overall market gains. Markets are pricing in a low chance of a rate cut after the FOMC meeting. Earnings season is underway, with expectations for S&P 500 growth being revised downward.

Overseas markets are also up, with Euro Stoxx 50 and Japan’s Nikkei Stock 225 hitting highs. Interest rates are down for T-notes after US-China trade talks possibility. European bond yields vary, with the Eurozone showing positive CPI and manufacturing PMI data.

Chip stocks are rallying, boosting the broader market. Travel stocks are also up post-US labor market data. Dexcom, Duolingo, Exact Sciences, and Iron Mountain are among top gainers. US-listed Chinese stocks are climbing. Apple and Amazon are among top losers.

Block, Hologic, Take-Two Interactive, Atlassian, and Motorola Solutions are among the top losers. Earnings reports for various companies are expected. The market remains dynamic with mixed performances and ongoing trade talk evaluations.



Read more at Nasdaq: Stocks Supported by Hopes of US-China Trade Talks and a Buoyant US Labor Market